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$5,190,000
Property Description
This is a rare opportunity to acquire a fully stabilized student housing investment consisting of sixteen (16) four-bedroom, four-bathroom cottages located at 1220-1370 Barnett Shoals Road in Athens, Georgia. Ideally positioned just minutes from the University of Georgia, the property offers exceptional access to campus, making it highly attractive to UGA's growing student population of over 38,000 students. The community is currently operating at 100% occupancy and boasts a strong, proven rental track record, providing immediate and reliable cash flow for investors. Each cottage sits on its own fee simple lot, offering added flexibility, long-term exit optionality, and intrinsic value not typically found in traditional student housing developments. Residents benefit from convenient proximity to a wide array of local shopping, dining, and entertainment options along Barnett Shoals Road and throughout the greater Athens area. In addition to the existing improvements, the offering includes approximately 4.45 acres of contiguous undeveloped land, presenting a compelling opportunity to expand the amenity package or potentially increase density. Zoned RM-2, this property represents an attractive opportunity to acquire a well-performing asset with meaningful scale that appeals to a wide range of investors. With established income and a location within one of Athens' most desirable student housing corridors, assets of this size are increasingly difficult to find. The property's unique setting is highly marketable, featuring expansive road frontage and a desirable forested natural buffer to the south that enhances resident appeal. As UGA continues to experience steady enrollment growth and strong student housing demand, the property is well-positioned for sustained performance. Interested parties may contact the listing broker for detailed financials, the current pre-lease rent roll, and to schedule a tour.
Full Property Details
Full Property Details for 1390 Barnett Shoals Rd
General
- Price: $5,190,000
- Status: Active
- Type: Single Family
- Source: 2253
- MLS ID: CL351848
- Updated: 5/13/2026
- Added to Site: 54 day(s) ago
Interior
- Appliances: Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 64
- Full Bathrooms: 64
Bedrooms
- Total Bedrooms: 64
Other Rooms
- Laundry: In Hall, Other
Parking
- Parking Features: Parking Lot
Location
- County: Clarke
- Driving Directions: From Loop 10, take exit 8, turn right off exit. Take a right on Barnett Shoals, property is on the right (Clearwater Creek)
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Underground Utilities
Structural Information
- Architectural Style: Traditional
- Square Feet: 25,200
- Sq. Ft. Source: Other
- Year Built: 2008
Lot Features
- Lot Size (Acres): 4.45
- Lot Size (Sq. Ft.): 193,842
Financial Considerations
- For Sale: Yes
- Terms: Other
- Tenant Pays: Cable TV, Electricity, Trash Collection, Water
Disclosures and Reports
- Ownership: Other
- Special Conditions: Standard
- Legal Description: yes
- Property ID: 174D 003
Listed by CollegeTown Properties LLC, Chase Lawrence and CollegeTown Properties LLC, Heather Fincher
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Schools
Schools serving 1390 Barnett Shoals Rd
School District:Clarke County School District
| Name | Grades | Distance |
|---|---|---|
Barnett Shoals Elementary School 3220 Barnett Shoals Road, Athens, GA 30605 | PK-5 | 2.3 mi |
Hilsman Middle School 870 Gaines School Rd, Athens, GA 30605 | 6-8 | 0.6 mi |
Cedar Shoals High School 1300 Cedar Shoals Dr, Athens, GA 30605 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1390 Barnett Shoals Rd
Date
Details
Price
Change
Source
3/23/2026
Listed
$5,190,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1390 Barnett Shoals Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
100%
100%
2024
100%
100%
2023
100%
100%
2022
100%
100%
2021
100%
100%
2020
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1390 Barnett Shoals Rd
1390 Barnett Shoals Road, Athens, GA 30605 (MLS# CL351848) is a Single Family property with 64 bedrooms and 64 full bathrooms. 1390 Barnett Shoals Road is currently listed for $5,190,000 and was received on March 23, 2026. Want to learn more about 1390 Barnett Shoals Road? Do you have questions about finding other Single Family real estate for sale in Athens? You can browse all Athens real estate or contact a Coldwell Banker agent to request more information.